Aviation

Our international aviation practice – made up of specialist aviation finance, leasing, M&A, insurance and dispute lawyers – advises on the full range of legal, tax and regulatory issues facing the aviation industry. Through our global network of CMS offices, we work closely with airports, airlines, creditors, operating lessors, insurers and manufacturers in many of the world’s major aviation jurisdictions. 

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Recent Articles

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    21/06/2024
    Italy

    Italian Supreme Court Upholds OECD Transfer Pricing Rules

    The decisions of the Italian Supreme Court nos. 10577/2024 and 10499/2024 (concerning the same case for corporate income tax and regional income tax purposes) confirm important principles regarding transfer pricing transactions between associated companies.Firstly, the approach taken in the previous decision of the Italian Supreme Court no. 15668/2022 (available here) is confirmed with regard to the relevance of the arm’s length principle set forth by Article 9 of the OECD Model Tax Convention and included in Article 110, par. 7 of the Italian Income Tax Code.Moreover, the principle that,...
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    03/06/2024
    United Kingdom

    Navigating the final frontier: RHC’s report on The Future Regulation of Space Technologies

    The Regulatory Horizons Council (“RHC”) has published an independent report titled “The Future Regulation of Space Technologies: Plugging the gaps in space”. The report concludes that the regulatory landscape for space innovation is mostly ‘missing in action’, whilst technologies are racing ahead. Without robust regulations on space activities, there is a heightened risk of conflict, harm to the space environment, and missed opportunities for innovation. The RHC calls upon the UK government to lead in championing the protection, safety, and fair use of the space...
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    30/05/2024
    Ukraine

    Military transactions to be exempt from merger control during state of war in Ukraine

    On 16 May 2024, the Law of Ukraine “On Amendments to the Customs Code of Ukraine and other Laws of Ukraine regarding the Peculiarities of Customs Control and Customs Clearance of Certain Categories of Goods” came into force after being passed by parliament on 20 March 2024.In addition to introducing amendments to the Customs Code of Ukraine on customs control and customs clearance of biomethane transported by pipeline, the law amends the Law of Ukraine "On Protection of Economic Competition", which provides merger control exemption for transactions taking place outside Ukraine to develop...
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    22/05/2024
    Italy

    Digital nomad tax insights

    The new visa for digital nomads might become a particularly interesting option for workers who may benefit from the so called “impatriate” tax regime following their relocation to Italy. The Decree of February 29, 2024, in force since April 5th, has established the entry and residence permit issuance procedures for "digital nomads" and "remote workers".The provisions apply to non-EU citizens who perform highly skilled work using technological tools that allow remote work; more specifically this definition refers to self-employed foreign workers (digital nomads) or foreign employees...
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    14/05/2024
    Hungary

    EU introduces criminal offences and penalties for sanctions violations

    Criminal offencesUnder the Directive, the following conduct constitutes a criminal offence when committed intentionally and in violation of restrictive measures or a national provision implementing restrictive measures:making funds or economic resources available directly or indirectly to, or for the benefit of, a designated person, entity or body;failing to freeze funds or economic resources belonging to or owned, held or controlled by a designated person, entity or body;enabling designated natural persons to enter into, or transit through, the territory of a EU member state;entering into or continuing...
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    13/05/2024
    Hungary

    UK's Accession to the 2019 Hague Convention to ensure enforcement of UK court judgments

    In January 2024, the UK acceded to the 2019 Hague Convention, which unequivocally permits the enforcement of UK court judgments, regardless of whether a jurisdiction clause is exclusive/symmetrical.The UK’s accession to the 2019 Hague Convention brings clarity and certainty regarding certain types of jurisdiction clauses and the enforcement of UK court judgments in other countries in the aftermath of the UK’s departure from the EU in 2020.As a reminder, prior to BREXIT on 31 December 2020, the UK through its EU membership was party to the Lugano Convention, which facilitated the enforcement...
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